Best Small Business - A Proven Business Opportunity for Big Profits

Here you will find a business that costs very little to set up, can be run in an hour a day, can make triple digit annual profits, there is never a recession either and has almost no overhead. What is it? Let’s find out. This business is being a currency trader form home â€" If you have never considered this as a business, read the advantages below and you will see why this is such a great opportunity. - You can open a trading account on line with $500.00 or less. - You will be granted leverage of 100:1 allowing you to trade $50,000.00. - Your overhead is low all you need is a computer and an internet connection. - You don’t need any staff, premises or stock. - Anyone can learn currency trading â€" (We will return to this point in a moment) - There is never a recession as one currency rises another must fall and vice versa. - You can run this business in around an hour a day from anywhere. - You can take holidays when you want. - It has the potential to make outstanding gains. This business is one that puts you in control and allows you to take charge of your financial destiny â€" but how easy is it to learn? Consider This Story... In 1983 legendary trader Richard Dennis taught a group of people who had never traded before to trade financial markets, in 14 days. He then sent them off to trade and they made him $100 million and went on to become some of the most famous traders of all time. The fact is that trading can be learned by anyone willing to put in the time and effort â€" you may not become as successful as the group above but they show the potential. The effort you need to put in to the rewards you can receive, are staggering - and this is one business that represents the opportunity of the free market economy at its best. The Key to Success in This Business The real key to the success of this business is dealing with leverage. As we said earlier you can leverage your money and on a $500 deposit, you could trade $50,000 if you wanted and this will magnify both gains and of course losses. How you deal with leverage will determine how well you do in this business. The best way to trade is to look for repetitive chart patterns and trade on these. It’s a fact that all currencies trend for months or years and reflect the underlying health of the economy they represent. By looking for repetitive chart patterns you can lock into these trends for profit. An Opportunity and a Challenge Most traders lose at forex trading (95%) and this is mainly due to the fact that most traders don’t treat it as a business â€" they lack the right knowledge and trade with their emotions, they have no plan. If you are prepared to do some homework and have the desire to succeed, then you have the potential to be a financial trader form home. The rewards for those who can turn this opportunity into profit are enormous. The opportunity is there but the question is - can you see the potential and are you up for the challenge? Discover forex trading from home and you may be able to change your financial future forever. DO YOU HAVE WHAT IT TAKES TO BE A PROFITABLE TRADER? FIND OUT ! Get newsletters, systems and some critical FREE FOREX Trading PDF s to give you the facts on how to become a professional trader and get more great forex info at: learncurrencytradingonline.com/index.html

Trading Goals, Do You Have Them?

Trading Goals, Do You Have Them? Do you know what you are really looking to achieve when trading? Did you set some goals to work toward? Do you know why you want to achieve the goal set? Do you know what is needed so you have a chance at achieving you goals? If you do not have goals and a plan on how to achieve what you want then you are like a sailboat without a rudder in the ocean, you will just drift away in the direction the winds and currents will take you. You have no control! Setting goals is an important step in achieving the things you want in life. Sure you can achieve things without setting goals and creating a plan many have, however by setting goals and having a plan to work, you become more focused and more self-conscious at details to help accelerate your progress. We can break down goals into all different categories such as personal health and fitness, spiritual, family and relationships, career, education, investments and financial to name a few. Within each category we choose to create goals you should create sub-categories. So for the financial goals one of the sub categories would be trading goals. Now as a general statement, all that decide they want to become a trader want to make money. That is a statement made to oneself, but not necessary a goal as I never met anybody who decided to become a trader to lose money. So what are goals and how is the proper way to create them in order to achieve them? All wants in life come from dreams, desires and needs. From these dreams, desires and needs goals are created. The process starts with creating a list of dreams without allowing your mind to put limits on those dreams. Do not allow your current situation or current condition to limit your thoughts of your dreams. Create your dream list, as there are no obstacles. After you have created a dream list, the next process to do is review your dream list and review each item and see if it is a realistic dream, desire or need within your current conditions in your life. If a dream was to live in a two million dollar home on the ocean off the Florida coast and your current job was earning you $25000.00 per year and you had very little savings, that dream would not be a realistic dream under current conditions in your life. Now if you willing to make a drastic change to a profession which would give you higher earnings or you find a way to make your savings work better for you by becoming an astute investor or a trader you will have a more realistic chance at achieving your dreams and goals. The key is making sure the dreams and goals are realistic and believable to you. Some goals you create will be easy to obtain while other more significant goals need to be a challenge, you need to push yourself outside your own comfort zone. So you decided you want to become a day trader to earn the extra money, which would be needed to buy your dream home. One of your goals is now to own a home on the ocean. When creating goals you need to write them out on paper or better yet on your computer for easier updating capability. When writing out your goal you need to be as descriptive as possible. Do not just write I want a house in Florida on the ocean. Be creative with your dreams and goals, let your imagination run wild. What style home do you dream of? A ranch style or a two-story home? 4000 square feet or 10000 square feet? What are the colors? How many bedrooms and bathrooms does it have? Can you visualize the lay out? Does it have a pool in the backyard? If so is it kidney shaped or a rectangle shape? If so write it out. The more details the better. There will be times when you create one goal and you will find you need to set another goal which will be needed to obtain the bigger goal you created. Think of goal setting like a recipe needed to create a fancy meal, or to bake a cake. If you leave something out of the recipe you are gambling on the outcome of that recipe. If you plan is becoming a profitable day trader, what are the obstacles that might be in the way? What is needed to help you achieve you goal to becoming a day trader? Examples of some obstacles would be: 1. Having sufficient money to fund your trading account. 2. Having the proper education to becoming a profitable trader. 3. Is your spouse or partner supporting your idea of becoming a day trader? 4. Does your current job or profession time schedule cause a problem to working toward obtaining your goal? 5. Is there a local or Internet group for support? 6. Finding the right broker for my needs. The above are a few example’s of some hurdle’s you have to jump to get you on your way to achieving you goal as a day trader. To overcome the obstacles you might have you will need to work on possible solutions. If one of your obstacles is your need to find more liquid cash to help fund your trading account. You would need to carefully think and brainstorm ways of doing so, maybe you had an old collection of coins or other collectables you could sell to raise the needed capital. If there is a will there is a way! Each person will have his or her own obstacles to get by. Always make sure it is money you could afford to lose and that it will not alter your current life style. Do not put unrealistic deadlines on your goals and dreams. Some of your goals might be ongoing with no deadline, other simple type goals will have deadlines. Looking at the above obstacles you can see that some of the above could be met within days or a week at most. The proper education could take months or more. Even with that, you would have a continued goal to keep improving as a trader for years to come. The goal of having a home on the ocean might take some years to achieve, which can be predicated, on the goal of becoming a successful day trader. By breaking down what is needed to become a successful day trader comes the need to itemize smaller goals. Creating daily tasks that work on helping you in achieving your goals is key. Create a daily plan of attack and work you plan each day. Stay focused and look back over each day to make sure you made progress. Always create smaller goals, which can be met on a day-by-day basis that will give you the energy and encouragement to work on achieving the larger goal. Some other key components you will need to work on are the psychological components. If you need to improve on having more patience, create a goal in descriptive written detail of you showing great patience while trading. If you need to improve on being more decisive do the same exercise as with patience. The key is becoming more aware what truly is needed to obtain your goal. It’s not as simple as just saying I want to become a successful trader. You first find the recipe and gather all the ingredients and work them in together. The key to achieving your goals is you taking your time and being careful to do all that is necessary to get to the end result. Working on all the small details everyday and concentrating and giving key focus to the daily task and seeing daily progress. A quick review for setting goals 1. Create a dream list 2. Review the list to see if the dreams are realistic, practical and believable. 3. Write out a descriptive detail of you dreams into a positive statement as it is already achieved. 4. Create a list of all obstacles you will need to over come to achieve your goals. 5. Create a sub-list of goals that can be worked on that can be achieved within a week’s time. 6. Create a daily plan of attack and work you plan. 7. Create a daily task list to work on each day. 8. Review each day, week and month to review your progress. 9. Always adjust your goals higher once you achieve the set goal. 10. Always have continuous goals that are never ending. 11. If you run into a stall, a problem or a set back always look for a different angle to try. 12. Never give up! If there is a will There is always a way Steve Rifkin S.E.R. Enterprises, Inc. One Northfield Plaza, Suite 300 Northfield, IL. 60093 Visit The Power of the Force at NaturesForceTrading.com steverifkin@naturesforcetrading.com 847-441-3205

The 1 Pip Forex Trading System!

With so many people on the look out for a good forex trading system I decided to write a simple forex system I have used in the past with good results. The system is called the 1 pip forex trading system. You will need a 15 minute candlestick chart of your favourite currency pair. Green candles for bullish candles and red candles for bearish candles. This trading system requires monitoring the screen while you are trading but it rewards you greatly once you get the hang of this simple method. Here are the simple rules to follow for the system. Look for a candle to close with the open and close of the candle to be within 1 pip of each other. These candles happen more often than you may think on a 15 minute chart and are usually a strong sign of indecision in the market. Usually after a swing move up or down hitting a support/resistance level. If the 1 pip candle closes green and the previous candle is at least 4 pips from open to close then you buy at the close of the 1 pip candle. If the 1 pip candle closes red and the previous candle is at least 4 pips from open to close then you sell at the close of the 1 pip candle. Stops are always placed just above/below the previous swing high/low plus a couple of pips. Try and keep you targets small, don t get too greedy with this system. This system is great to grab 10-15 pips at a time without too mush trouble. Do You Want To Make Consistent Money Trading Forex? Dean Saunders has created the *Ultimate* FREE forex trading system that has helped 100 s of Forex Traders become profitable. Click Here and grab your FREE copy of Dean s amazing trading system!

Forex Trading - How Forex Trading Can Make You Rich!

Considered to be the largest financial market in the world, Foreign Exchange refers to trading that involves the world’s currencies. Also known as FOREX, Retail forex, FX, and by many other names, the forex market reaches a trading volume of up to 2 trillion USD in a single day â€" thrice as big as the total amount of stocks and future markets in the stock exchange market. Foreign exchange or forex trading revolves around money â€" specifically the purchasing and selling of different currencies. Trading is done through a broker or dealer and is usually done in pairs. Forex trading can be a bit confusing as it does not involve the handling of any physical or tangible items. Forex trading is mostly a speculative manner of conducting business, with a minimal percentage of the market’s activities coming in from governments’ and companies’ currency conversion needs. Forex trading is conducted on the interbank market and not on a central exchange like that of the stock market. This interbank market may be best described as an over the counter market, allowing two parties to trade directly with each other, whether via telephone or the on other means of communication. The main trading centers for forex trading are located all over the world - in Sydney, London, Frankfurt, New York, and Tokyo â€" this ensures that trading in the forex market is open twenty four hours a day. How do you start trading? To get started, you will need a trading account which you can acquire online. You will also need foreign exchange trading software which you may install on your computer or access via internet browsers. You can open an online currency trading account, also known as micro account, for a couple hundred dollars. The micro account, as well as the mini trading account, is a good way to start trading as you can dabble in the world of the forex market without risking too much. About USD1,000 for the micro account is a good place to start. There are numerous advantages and benefits that can be derived from forex trading . One clear advantage is the absence of commissions â€" there are no excessive fees such as government fees, clearing fees, or brokerage fees. There are also no middle men involved in trading. Spot currency forex trading will allow you to trade directly with the market. Low transaction costs are also another plus for forex trading â€" the transaction cost for forex trading is generally below 0.1% when in normal market conditions. 24-hour availability is also another advantage â€" you can trade anytime, anywhere. No single party can control the forex market â€" another plus to forex trading. There are a lot of great benefits to forex trading â€" and some of the better benefits are available for people who are just starting out. Free demo accounts, information, and news are available â€" allowing newbies to learn about the market while practicing their trading skills. Mini and Micro trading will also greatly benefit amateurs as these accounts can let them trade in the forex market without risking too much money. To learn the best forex trading strategies and learn everything about forex trading software just visit forex-trading-platform.org James Hardy Expert Currency Trader

The Four Week Rule - A Simple One That Gives You Huge Profits Potential

Here is a simple forex trading system that is easy to understand and apply and has influenced some of the top traders of all time. Don t be fooled by its simplicity it works. Let s look at it. The 4 week rule is one of the simplest technical analysis systems of all time and it may not be trendy or flavor of the month, with a lot of forex traders who think complicated is better - but don t think that because its simple it doesn t work - it does. Richard Donchian was a true legend and one of the most influential trend followers of all time he spoke and wrote profusely on the subject of trading and has influenced some of the greatest names in trading including trading legend Richard Dennis. The four week rule has proved to be an effective building block on which many successful trading systems are based. It s based on the following assumptions about market behavior: 1. The strongest trending moves start from new market highs NOT market lows. Those people who think buy low sell high is a great way to make money are wrong. If you don t buy breakouts from new highs, you will miss some of the best trends - period. 2. A trend in motion is more likely to continue than reverse. We all know this is a basic building block of technical analysis and there is no better trend than one that is making new highs 3. A four week cycle is the dominant cycle in trading. This can vary at times of course but the four week cycle is highly effective. The original rules were used for trading commodities and can be summarized by: Cover short positions and buy long whenever the price exceeds the highs of the previous 4 calendar weeks. Liquidate long positions and sell short whenever the price falls below the lows of the previous 4 calendar weeks. The original system being devised for commodities was designed to use a stop and reverse so the trader was always in the market with a position. In a non trading market it can get whipsawed a solution to this problem is to enter on the 4 week rule (the breakout), and to exit on a shorter time period such as 1 or 2 weeks. With this system, a four week breakout would be needed to initiate a new position, but a one or two week signal in the opposite direction would mean liquidation of the position. The trader then remains out of the market until the next new four week breakout is registered. Why It Works This system is based on sound technical principles with signals that are mechanical and clear-cut. It is trend-following so a trader is virtually guaranteed to be on the right side of every trend. It also follows the often quoted trading wisdom - let profits run, while cutting losses short . Another advantage is fewer trades, which means less time being spent looking at the market and finally you don t even need a computer! People often say technology helps - but for many traders its a hindrance they think being clever will make them money, well consider this 95% of traders lost 100 years ago and the its the same ratio before yet computers today are more powerful than the one mission control used to land man on the moon! Don t be fooled by simplicity it can be very profitable. Being a trend-following system, it is not going to catch market tops and bottoms ( but how many systems do that though?) however, the 4 week rule works as well as any other trend-following system but with the benefit of incredible simplicity. The Proof You might be saying that won t work - well go and try it on a strong trending currency market like the euro, Canadian dollar or Australian dollar and back test it and in a number of strong trending markets and you will see it does. Don t be led to believe that if its simple it won t work - all the best forex trading systems are simple. You don t get paid for being clever you get paid for being right - Period. Today, traders always like to trade something different or obscure but if you want a simple system, by a trading legend, that s hard to beat - try Richard Donchian 4 week rule It s been part of some of the true great traders box of tools and should be in yours to. PROFESSIONAL FOREX TRADING COURSE AND FREE ESSENTIAL INFO For free 2 x trading Pdf s with 90 of pages of essential info and an exclusive Forex Trading Course visit our website at: learncurrencytradingonline.com/index.html

Thinking About Currencies Day Trading? Useful Tips And Tricks For Beginners

Thinking About Currencies Day Trading? Useful Tips And Tricks For Beginners Why is it that some people are successful in trading the markets? And some people fail? It has become increasingly popular among casual traders due to advances in technology, changes in legislation, and the popularity of the Internet. Note: The information presented in this article mainly applies to currencies trading. But these information can also be used for commodity trading, futures trading and swing trading. What is Currencies Day Trading? It simply means not holding any position beyond the current trading day; i.e. closing all outstanding positions by the end of the session putting you 100% into cash overnight. When trading you hold a position for only the day. But don t be fooled by all the glory of it. It is difficult and should not be done without the proper knowledge and practice. There is no magic formula that will result in fantastic results. It is serious business where you could lose everything within minutes because of wrong information. It is necessary to plan your trading business and prepare a proper strategy for achieving success. Here are some tips that will help you to succeed with currencies day trading: Stick to your own rules You must have an identifiable edge over the market. If you lose money, do not worry, as some loss is to be expected. The single best way to protect your profits is to lock them in. Become familiar with the functions of your trading platform before you trade real money. Characteristics of Successful Traders If you want to succeed, then you should do exactly what the professional traders do: Winners trade systems with high positive expectancy, sound money management strategies, minimal degrees of freedom to avoid curve fitting, and then puts the system into his business plan for implementation. Successful traders set tight stops to get out of losing positions quickly; and they let the winners ride out the trend. Most successful day traders have a true love or passion about their currencies day trading activities. Professional traders do not fear losing money and understand that losing money is a part of the trading business. Successful traders do not rush into trades. They take their time to select good trading opportunities and do not place orders simply for the sake of holding a position in the markets at all times. In Conclusion Never forget: Traders go bankrupt because they lose money, not because they don t make enough of the green. Don t trade with money that you can not afford to lose. Start trading, making small gains and becoming comfortable with your feelings, and use discipline as your main weapon. Although it is risky, it does have big rewards if you know how to play in this game. Markus Heitkoetter has also written other well-written and helpful articles not only related to Day Trading , but also other articles related to Currencies Day Trading . For more information visit his website free-daytrading-info.com/

Forex Trading - How to Profit From the Falling Dollar

The dollar has recently fallen to an all time low against the euro and one of the worst scenarios for the world economy for the last few years has involved a dollar crash. Is it time to prepare for that crash now? We must ask ourselves, what would cause a dollar crash? It would have to involve America s dependence on foreign capital it s most dangerous vulnerability. America s dependence on foreign capital has lead to its large deficits. Do the US deficits threaten its and global financial stability? So long as the US remains the most attractive foreign investment destination in the world it can sustain such large deficits. However, if some event would occur, like say a crisis in the American financial markets that would spook foreign investors and cause them to ditch the dollar fast then the dollar will tumble. The sub-prime mortgage woes was just such a crisis and to be honest the dollar held up pretty well. In fact this events showed clearly that if private investors become frightened central banks will pick up the slack. In order to abandon the dollar there would need to be an alternative choice for foreign investment and there simply put is not. The stability of the US politically and socially, in spite of its enormous deficit, still leave the US the world s most stable and reliable economy. Although Europe is stable politically, its slow growth make it an inadequate substitute for foreign investors. And even though China s rapid growth is inviting, the threat of political instability deters any long-term bets on its economy which in itself is still very young and needs time to mature. My long term outlook is to buy the dollar and sell the euro. In the long term nobody has anything to gain from the decline of the dollar and excessive volatility in exchange rates is damaging to the growth and economy of all regions of the world. Especially China who currently owns a substantial portion of the US debt. Also the euro s rise is beginning to hurt the competitiveness of Europe s exports and there is the possibility of central bank intervention to protect against the strong euro and weak dollar. In the near future the dollar decline and further weakness most likely will continue. I am not about to stand in the way of such a strong trend as the dollar is near all time lows against the euro. But as everyone is talking about the weak dollar and my neighbors talk about hedging themselves against the weak dollar I know one of those rare opportunities is beginning to present itself just like it was obvious to me the bull market in US equities was coming to an end once my mother and her investment club began buying and selling stocks online or when a photographer at a wedding told me how he was going to begin flipping houses I also knew we had reached a top in real estate prices. A worldwide ditching of the dollar would bear astronomical consequences. I do not believe anyone is ready to allow that to happen and I do believe there will be intervention to prevent it. Like I said though, I will not just jump in with this extremely strong trend in place so I will use my strength and talents as a technician to get into this trade. In the member area in the Rules and Methods section you will find the methodology on how we will approach this trade. We will be trading the 4 hour, daily, and weekly time frames as this is a long term strategy. Since our positions will be short, the eur/usd will be collecting interest and pips the whole way. By Jordan Lindsey JCL Capital Inc Jordan Lindsey is a professional trader who s personal forex trading group Conquering The Markets trades his forex trading systems together and work toward helping people all over the world live better lives.

Learn A Profitable Forex Breakout Strategy You Can Use Right Now

Breakouts have always fascinated me and although at first they did not prove to be profitable I believed there must be an easy way to trade them, and there is. There is a key to breakouts, that key is that they must be seen by enough traders and institutions to create volume so the breakout will be strong. How does this relate to us? It s quite simple. For example if we had a nice strong up trend on a chart and asked 10 different traders to draw a trend line that they believed if broken would result in a breakout you would more than likely end up with 10 different trend lines. However if we asked the same 10 traders to identify a level of support/resistance with horizontal lines that if broken would result in a breakout all 10 traders would generally agree on the same area. In my trading I found it to be far more reliable to plot key support/resistance areas using horizontal lines. As I said earlier these areas are watched by far more traders and result in less false breakouts. If you want to succeed trading breakouts forget grand ideas of gaining 100 s of pips on each trade, you need to come down to earth. Look to grab 5-10 pips and then finish for the day. You do not need any more than that to grow your account and eventually become exceedingly wealthy. Breakouts are low risk trades to grab some quick pips, if it remotely looks like the trade is moving against you then close the trade. Remember your stop loss is there in case you can not close the trade, do not let your trades go that far into loss. Do You Want To Make Consistent Money Trading Forex? Dean Saunders has created the *Ultimate* FREE forex trading system that has helped 100 s of Forex Traders become profitable. Click Here and grab your FREE copy of Dean s amazing trading system!

Learn Forex Trading - Getting Started In The Marketplace

For someone with zero experience and knowledge in the Forex market, getting started in the trading can be an overwhelming task. Various pitfalls, such as huge losses, can discourage even the most experienced trader. Since Forex trading can be a confusing business, you need to follow several guidelines to success. First, learn Forex trading by choosing the most qualified brokerage firm. Although some firms are better than others are, you have a ton of options in terms of age, reputation and courses to offer. Generally, you should choose a well-established company with a good reputation that is tied to banks or various financial institutions. To ensure that a brokerage firm is legitimate, check if the company is registered with the Commodity Futures Trading Commission. To learn Forex trading effectively, the brokerage firm should provide you with multiple research tools, such as charts, real-time quotes, trading techniques and research reports. You should choose a firm that offers its account holders as much information as possible. Be aware that the more knowledgeable you are with Forex trading, the more successful you can become in the market. Lastly, choose a highly regarded brokerage form with favorable spread. Be aware that a company with a good spread means that the firm takes off the top of each trade, translating into more profit for you. In order to learn Forex trading, you need hands-on courses that allow you to experience the market firsthand. Of course, investing money without proper knowledge can lead to disastrous losses, so opening up a demo account should be your next move. With this demo account, you learn Forex trading firsthand because you will be given a pretend balance, which you could use to play around and experience the feel for Forex trading before using real money. Most demo accounts are free-of-charge for an entire month. During this time, you can learn Forex trading and all its features, techniques and tricks without losing any money. Plus, you are able to master the software, which enables you to make fast trades when the time comes to trade. It is important not to rush the 1-month trial period because this is the most important phase of your trading course. Once you learn Forex trading and experience a whole month s worth of market experience, then you can now use a real account with actual money. However, never invest large amounts of money; start small and try not to break the bank when getting started in the market place. By choosing a good broker, maximizing the benefits of a demo account and taking your investment one-step at a time, you learn Forex trading can be a fulfilling experience when executed the right way. The Forex World waited with anticipation as Amin Sadak slowly released and revealed The World s Most Powerful Forex Trading Course ever to be seen by a trader. This ground breaking and highly profitable course (Forex Commander) is now available at the Forex Commander website. Thousands of traders waited for this development. There are limited copies of this course remaining at ForexCommander.com

Forex Trading Strategies in Forex Market

In order to succeed in forex market, one can follow certain strategies like technical analysis, fundamental and economic analysis, combination of these two, different currency pair relationships etc. Other more advanced techniques are SAR, CCI, Stochastics, MACD, Liner Regression, Bollinger Bands etc. One should not be scared of the terminology involved. One should follow a strategy which one can understand and follow well. The two most important strategies of technical and fundamental analysis are also used in stock markets. It may be advisable to use both of them while some people may use either one. Fundamental analysis covers economic and financial factors like GDP, inflation, employment figures, devaluation, trade statistics, capital movements etc. In technical analysis one takes help of charts, graphs, bars, trends etc. Whatever the strategy one adopts, one should learn to be a disciplined trader. For this, one should consider the following: • Always use stop losses of some kind • Don’t use all of your balances, but keep some separately available for special situations. • Start with small lot sizes • Always have a win / loss limit • Adjust margin according to market conditions • Always get new training and education Some people also use intra day strategy. With this, one can use multiple time frames for analysis like one minute, 15 minutes. 30 minutes and 60 minutes frames. One noteworthy element of forex trading is risk management. This consists of stop losses and trailing stops. One needs to learn how to establish stops, fix initial stops and experiment with trading plans at the margin. One has also to learn trailing, breakeven and time stops. Risk management seems to have become easier with more flexibility in forex trading rules. There is full transparency now in this, better ability to put bids and offers within narrow spreads and less cost per ticket. Some forex trading platforms automatically close all positions if an account declines 60%. This provides some added safety. FX trading like commodity trading is always conducted on “margin”. The general ratio is 50:1 and can go up to 100:1 in some cases. This means that against every margin of $1000, one can hold a position of up to $50,000. In currency trading what one can lose at the most is just the amount of margin while as the potential for profits is substantial. For more information and for a Free Online Forex Trading Report, please follow the following link: businesses-jobs-careers.com/Forex/ForexSystems.html The author has background in business, economics and finance. He is presently researching in finding ways to make money and working on the following website and blogs: businesses-jobs-careers.com IWant2MakeMoneyOnline.blogspot.com

Forex - The Psychology of Trading

Psychology plays an important role in any trading program, and this is equally true for Forex trading. For instance, we all have our own level of risk before we panic. The key to successful Forex trading, however, requires that we develop the ability to distance ourselves from our emotions and instead solely rely on our knowledge and the Forex system we re using. Easier said than done. If you ve ever done any day trading or gambling or even overeating, you know that there s a psychological component that can sometimes be difficult to control. For many people, if a trade is going well (of in the case of gambling, if the betting s succeeding, or in the case of overeating if food isn t currently an issue) they feel completely in control. This makes it much easier to do the things they know they should be doing. Logic prevails over emotion. However, when a trade has turned bad (and it happens to even the best Forex traders, no matter how much knowledge they have or how long they ve been trading), suddenly logic moves to the back and emotion steps forward. Like the amateur gambler, there s a shift in thinking. It ll turn around, becomes your mantra. Instead of following pre-determined stops, you let your trade dip below your exit strategy with the hope (emotional) that the trade will turn around and you ll not only recoup your losses but you ll come out ahead. Or as in the case of the overeater, there s almost a masochistic resignation. The thinking goes something like this: well, the damage is done now (I ve eaten that slice of cake that was forbidden), the trade s turned bad, it s lost, I might as well ride it all the way and see what happens, because there s nothing else to lose at this point. Again, a clear indication that your emotions have taken over. All the Forex training in the world, all the knowledge and skills, charts and strategies are worthless if you disregard them when a trade has taken a turn for the worse. So what s your psychological foundation? Do you turn to your emotions when situations become difficult or work against you? Do you double your bets as a gambler? Do you get a pint of Ben and Jerry s out of the freezer as a dieter? You re the only one who knows how your psychology works. And you re the only one who knows if you have the ability to control yourself or not. Just remember this: success as a Forex trader is not the result of how you react when your trades are going well. It s the result of how you react when your trades are going bad. Discover everything you ever wanted to know about mastering Forex trading , including Forex strategies, how to find a broker, managed accounts and much more ... all at absolutely no charge ... Mastering Forex Trading .

Trading with an Auto Forex System for Faster Profits

Auto forex system trading is the perfect strategy for investors or brokers who either do not have time to watch the market closely or trying to diversify the portfolio. It is like having a professional to trade your account for you, taking care of your profits. Automated systems replace the need for manually buying or selling the currencies. With auto forex system trading, you can continue to focus on your own trading strategies and can take benefits of other strategies as well. Forex system trading can be of different types. The systems are based on software and algorithms to generate trading signals. Different automated trading platforms use varied software to generate the trading signals. You can run the system from your own desktop or can leave the trading completely to professionals through your managed accounts. The system is configured to automatically open and close positions at specified parameters. As the forex markets in different countries operate in different time zones, the trading practically continues round the clock. With a managed account in your auto forex system trading, whenever a trade signal is generated, your order will be placed into your account while you are away working or sleeping. Automated forex system trading is free of the traders emotion. As the operations are strictly software driven, you need to concentrate on the strategic decisions, which will be executed automatically. As the automated trading platforms have proper risk management features, your trades will be secured and safe. Many online brokers offer trading platforms for free. You can download the system in your desktop. For a subscription or with the spread, the online broker can manage your investment. If you purchase an automated forex trading system, the vendor may offer you free trading alert services when you can receive signals whenever a trade is identified. In many trading platforms, your order can be placed automatically, whenever a signal is generated and, therefore, you never miss a trading opportunity and save your time as well. To take the maximum advantage of the system, you need planning and self-preparation. Always determine beforehand how much of your trading capital you will risk. Work on a demo account for few months before choosing the platform. You must also monitor how your accounts are doing on a regular basis. A successful auto forex trading system should be based on low leverage and multiple entry. Always ask for the history and record of past performance of the platform. The trading platform should be simple enough for you to operate. Learn how to start trading without any effort, visit Auto Forex System Trading

Spot Forex Trading Part 3 - Parallel And Inverse Analysis

This article is Part 3 of a series of 9 articles dedicated to help anyone to trade the foreign exchange. Very few spot forex traders conduct any form of parallel and inverse analysis of the major pairs and exotics to determine the best way to trade the forex on a day-to-day basis. Even though it would be nearly impossible to trade the forex successfully not knowing where the overall strength and weakness was in the spot forex across multiple pairs. Lets look at some examples. Many people like to trade the GBP/USD they spend countless hours losing sleep waiting to trade this pair even when no trend or parallel/inverse confirmation is available. Losses occur. They could increase their odds dramatically by setting up some entry rules and examples like the ones shown below. Only buy the GBP/USD if the GBP/CHF and GBP/JPY are strengthening as well. This would be parallel confirmation on the GBP strengthening across the board. Only buy the GBP/USD if the EUR/USD is strengthening and the USD/CHF is weakening. This would be confirming the entry with two other pairs and across the board weakness in the USD. In either situation you have confirmed the entry with at least two other pairs. Both of these entry rules would include a stop order, and you can enhance the rules further by examining the EUR/GBP for weakness. This is inverse confirmation. But this is not what traders do. They want to trade the GBP/USD so badly that they manufacture a trade, or the they want to use indicators, or trade the news. This is a mistake and is equivalent to betting or gambling. There is no logic to support the entry, the forex works in a logical way. Lets look at some other examples. Lets say you prefer to hold carry trades and prefer to trade the GBP/JPY, you could set up rules for entry as follows: Only buy the GBP/JPY if the GBP is strong across the board based on parallel and inverse pairs, or only enter the GBP/JPY if the GBP/USD and USD/JPY are both strengthening somewhat or a lot. In the second scenario the GBP/JPY will slingshot upward at a very fast pace. Or another scenario is to only buy the GBP/JPY if the EUR/JPY, CHF/JPY and AUD/JPY are all strengthening as well, in this case the USD is not in the picture because of across the board weakness in the JPY. Either way you have confirmed the entry with other pairs. Another example would be to buy the USD/CAD only if the EUR/CAD and AUD/CAD are also strengthening. Similar rules can be applied to any major or exotic pair and easily monitored upon entry. In the case of the three CAD pairs, if you also do a careful analysis of support and resistance, you can trade the pair with the most potential rather than just trading the USD/CAD. But this is not what traders do, they get stuck trading the same pair and wind up justifying a trade when a trade is not there. These trade entries are not based on logic they are based on emotional needs. This leads to losses. The forex works in a very logical process and you must let the logic work for you. Stop looking at indicators and start looking at other pairs to support your entries, these are the best indicators available. Across the board strength and weakness in groups of pairs occurs weekly in the forex. But if you search the internet far and wide you will see that it is rarely and in fact never discussed by traders, analysts, and trade planning services charging hefty monthly fees. People are too busy looking at indicators and absolutely no discussion of the market forces governing the spot forex ever occurs. It is very rare if nearly non-existent for one forex pair to move strong without other pairs to confirm the move. This is true for any major or exotic pair. If you are stuck trading the same pairs while other pairs and exotics are making strong moves its time to look at all of the pairs every night then pick the best opportunities based on parallel and inverse analysis. In order to trade the spot forex daily and weekly, you must analyze 15-20 pairs every day to determine the current market forces, this will lead to less entries, more logical entries, and better confirmation of entries when the movement starts. Parallel and inverse analysis is the logic behind the spot forex. Mark Mc Donnell is the lead trading plan writer for forexearlywarning.com , an inexpensive trading plans service available to all spot forex traders. He has many years of experience trading stocks, equity options and the spot forex. He has spent the last four years of his career devoted solely in studying the movements of the spot forex, conducting trend analysis, and determining how this impacts retail level forex traders © Copyright 2007, forexearlywarning.com

Fundamental Analysis and Forex Trading

Fundamental analysis is not for every person looking at forex trading. It requires an extended period of learning fundamental concepts and their impact on the forex market. To learn a fundamental style of trading completely would require years of experience. So how can you take advantage of fundamental concepts without having those years of experience? So what does fundamental analysis do? Fundamental analysis uses economic indicators and other news related information to determine an impact on forex prices. These economic indicators are published at regular intervals and many of the International Banks use this data to forecast forex trends. The economic indicators measure how well an economy of a country is doing. This data can then be used to compare the economy of one country with another. The status of an economy will influence its exchange rate, so fundamental analysis provides us with ways to measure potential forex trends. When this data is made available to the public there is a reaction from investors and speculators. Information in the form of news and economic indicators is vaguer than that of technical indicators. There is a lot of gray area in this type of analysis. The market will ultimately react to how people think the economic data compares to the current market situation. Economic indicators usually reveal information that Should cause a currency to go up in price or may cause a currency to go down. The words should and may in the quotes above reveal the ambiguity of the fundamental data. If you are looking for a way to make consistent profits through a proven forex program then you have come to the right place: fxprofits.info Bobby Winford has been involved in many forms of investment over the years but he is partial to the Forex market, as the possibility of fast and substantial profit has always been attractive.

Forex Trading with the Candlesticks Method

Candlestick charts are claimed to be the oldest type of charts used for price prediction. It all started around 1700s, when Munehisa Homma in Japan became a legendary rice trader for predicting rice prices using Candlestick Charts. Candlestick chart patterns are exceedingly popular in forex trading because of their dynamic features and versatility. On all charts, users can toggle between line, bar and candlestick chart view. Candlestick Charts are usually very colorful charts as compared to conventional charts. Different colors are used to indicate different nature of price movement. Four prices are of utmost importance in constructing the Candlestick Chart- High, Low, Open, and Close. Each candle consists of two parts: the body and the shadows. The body reflects the open and closing price for the certain period. If the candle body is black the close price is below the open, and white if the close is higher than the open for the period. On the other hand, candlestick shadows reflect the intra-period high and low prices of forex in a market. In candlestick charting the periods used are 5 minutes, 15 minutes, 1 hour, daily and weekly. A long shadow reflects that the trading extended well beyond the opening or closing price, while a short shadow, shows that trading was confined closely to the open or closing price. Each element in a candlestick pattern in forex predicts certain trends. Long white candlesticks predict strong buying pressure. The longer the white candlestick, the further the close is above the open. This indicates that prices advanced significantly from open to close and forex buyers were aggressive. There are various patterns of candlesticks charts, which are employed in forex. Doji, for example is a candlesticks pattern that is generated when the body of the candle is minimal as market s open and close are virtually equal. There are others like Hammer, Inverted hammer, Gravestone, Shooting star, Three white soldiers, Three black crows, Marubozu Black and White and many more. These candlesticks do not have upper or lower shadows and the high and low are represented by the open or close. Candlestick charts are much more visually appealing than any other two dimensional bar charts used in forex prediction. They convey market price information in a quicker and easier manner. Candlestick Chart became famous and acceptable to the forex traders by its amazing success story initially in the commodity market. If you think that the candlestick charts are difficult to comprehend you are wrong. All you would need is to learn the means of represent ting the charts in the forex market. Few tips for candlestick charts and their interpretation in the forex market can be: A Black Candlestick -- when the close is lower than the open. A White Candlestick -- when the close is higher than the open. A Shaven Head -- a candlestick with no upper shadow. A Shaven Bottom -- a candlestick with no lower shadow. A Spinning Tops -- an equilibrium between the bulls and the bears (either white or black). A Doji Line â€" a very close Open and Close Some of the benefits of candlesticks in forex are: · Ease of reading â€" as the charts are composed of four price readings: open, high, low, close. · Not only shows the direction of a trend, also shows the strength of a move in a particular time frame. · Can be used in conjunction with other technical indicators. · Provides the earlier reversal signals. To learn more about currency trading techniques please visit Candlesticks and Forex

Forex Trading - Living the Dream of Financial Freedom in 3 Steps

Imagine being able to trade your way to financial freedom in forex trading and in just 30 minutes a day build wealth quickly. Is it possible to do this? Certainly it is, so long as you keep these facts in mind. Firstly 95% of traders lose money but don’t let this worry you to much. The facts also point out that everything about forex trading can be specifically learned, by those traders prepared to put in the time and effort to do so. A stunning example of this was “the turtle” experiment (see our other articles) where traders with no previous experience were taught to trade successfully in 14 days and ALL went on to make millions! In forex trading the lessons from the above experiment you would be wise to learn are: 1. You need to work smart not hard Knowledge is not power in forex markets and accumulating knowledge for the sake of it won’t help you. You don’t get paid for effort in forex markets you get your reward for being RIGHT. All you need is a simple Forex trading system that you can have confidence and you need to keep it simple as - they work far better than complicated ones, as there are fewer elements to break, in the brutal world of real time trading. Again keep in mind what we have said earlier: You get paid for being RIGHT that’s it - so don’t try and be clever. You may be thinking this all sounds a bit easy and yes learning to trade is not hard â€" the hard bit is - executing the knowledge in a disciplined fashion. 2. You Need to Have confidence and discipline If you can’t execute your forex trading strategy with discipline, you don’t have a strategy at all! Executing a system in a disciplined fashion is the hard part in forex trading. It’s well known that emotions get involved and ruin most traders. Trading with discipline sounds easy but is anything but â€" its hard especially when money is on the line. If you want to have discipline you need to have confidence and this really comes from building and understanding your own trading system. You can’t buy this for a few hundred dollars â€" its doing the groundwork and doing it yourself that will give you the confidence to follow your system with discipline. 3. The Key To Your Success Perhaps the one element I have missed out is desire. If you have a burning desire to win and succeed - chances are you will do what is necessary to make it so. If you read about the great traders and a good place to start is with Market Wizards â€" Jack schwager (Edit) - You will note that all the traders interviewed (and this is the cream of trading talent) had a burning desire to succeed, love what they’re doing, are humble and enjoy taking risks and the challenge Forex trading presents. The Challenge If that sounds like you, then there is nothing to stop you making it to â€" all you need to do is work smart and go into forex trading with the right mindset. Good luck! NEW! FREE 2 x CRITICAL TRADER PDFS - NEWSLETTERS - TRADING ALERS MORE On all aspects of becoming a profitable trader including: Free critical trader PDFS, and updates on the best high reward trades via FREE Essential Forex Trader PDF S visit our website at: learncurrencytradingonline.com/index.html

Swing Trading For Beginners - 4 Rules for Success

Swing trading for beginners is a great way to make money for novice traders its easy to understand and learn and if you follow the 4 Rules here, you will be well on your way to swing trading success. Swing trading is a method of trading that relies on catching reactions within major trends either up or down and generally a swing trade will last between 2 - 5 days. Some forex traders try and swing trade within daily time frames but this is a recipe for disaster it doesn t work so don t even try it. Here are your 4 rules to follow for success in swing trading Rule 1 Use Support and Resistance When you swing trade in forex you will need to spot areas of support and resistance on the daily forex chart. Ideally ones that have seen prices spike on high volatility are good as these tend not to last so use the Bollinger band as well as trend lines. Generally the more tests of resistance there are the more valid it is so 3 x tests or more and two different time frames is ideal. When swing trading in forex DON T make this common mistake: Many traders simply wait for the price to get close to the level there looking at and simply enter a trading signal and hope the level holds - This will lead to a swift wipe out don t hope or predict your guessing and the markets will not reward you, they will take your equity. You need to get the odds on your side and for this you need to watch price momentum. Rule 2 Watch Momentum For example, when prices approach a level wait for price momentum to turn back as measured by momentum oscillators. If you are swing trading in forex or any other financial instrument this confirms your trading signal. We don t have enough room to cover the individual indicators here but you should start with the stochastic and Relative Strength Index (RSI) and these are covered in our other articles. Now you re in the trade the next rule involves the import but making some profits! Rule 3 Set a Target When you enter a swing trade profits and losses ten to come quickly. The stop is easy to place and obvious - behind the support or resistance you are looking at. If you can use a stop close basis. Set a target just before where you think the price is going to go and take it early. Keep in mind you can hang on but the odds of success will decrease as you get to the target level so better to tuck it in early in case of a reaction. Although some trades will run on the odds will be in your favour more by banking early. So there you have it a simple swing trading system that is ideal for swing trading for beginners and will work for any trader. You may say that s too simple - but the best systems are and it s a fact that simple systems beat complicated ones, as there are less elements to break. Rule 4 Shop Spreads You should only trade volatile, liquid currencies when swing trading. In the majors you should be able to get some tight spreads of just a couple of pips. All brokers are not equal when it comes to spreads, choose wisely, as transaction costs mount up and you need to get the tightest spreads you can. Swing trading for beginners is an ideal form of trading. It s simple to learn and can be a great addition to your forex trading strategy and make solid long term gains if done correctly and help you enjoy currency trading success. NEW! FREE TRADMORE ON SWING TRADING AND FREE TRADER PDF S For free 2 x trading Pdf s and more on swing trading for beginners visit our website at: learncurrencytradingonline.com/index.html

The Rules of Forex Trading Money Management

In the emerging field of financial psychology, study after study has proven that, even with winning odds as high as 60%, only five percent of traders will be in the black by year s end. Despite the 60% winning odds, the losing ninety-five percent have never learned money management, and this isn t just theoretical FOREX speculation. Money management is the most important part of any trading system, and surprisingly, few traders understand how valuable a tool it truly is. Put simply, money management is the money you are going to put on a single trade and, conversely, the amount of risk you are willing to take for this trade. There are lots and lots of money management strategies (likely, as many as there are financial strategists) but they all have one central theme: preventing high risk exposure. The One Percent Risk Rule Much akin to the golden rule of ethics, the one percent rule has saved many a trader quite a bit of coin. Basically, the beauty of the system is in its simplicity; adjust your risk for every trade to roughly 1%. If you ve got the stomach and the confidence in your system, your risk per trade can go as high as 3%, but anymore and you re gambling, not trading. For example: 1% risk of $1,000,000 account is equivalent to= $10,000 Your stop loss should be adjusted so that you never lose more than $10,000 per single trade. Simple, right? Then why don t more people adhere to the One Percent Rule? The fact is, people in the trading business are not looking for steady low-risk growth over the long term. They re results oriented and many feel that if 1% risk creates moderate profits, how much more with 5% or even 10% create? This type of reasoning has lead to much more popular theories. The Martingale Strategy Any gambler can tell you about this strategy. The premise is simple: as you lose more, increase your risk. If you re sitting at the blackjack tables and you bet $50 and lose, bet $100. Lose that, bet $200 etc. The philosophy is that after enough losing hands your chance to win is much larger so you can add more money to recover any losses. But here s the dirty little secret that makes the casinos the millions of dollars a year: your odds are the same no matter what hand you play. Your odds start over on every hand and what you ve done previously or what you ll do in the future makes no difference. Many novice FOREX investors try this strategy in their trading and predictably, lose a lot of money in very short amounts of time. The Opposite of Martingale Another popular strategy is the Opposite or Anti-Martingale Rule. This rule maintains that you increase your risk when winning and decrease your risk when not winning. For example: A trader starts with $1000 and his trade size is $100. After a year, his balance is up to $2000 so his trade size should go up to $200. Not a bad strategy, eh? It s strength lies in its simplicity: the more you win, the more you bet. It s a higher risk strategy for traders looking for a higher return but still wanting to maintain their initial balance. A tried and true method many a trader has used on the road to riches. Kevin Davis has been investing online for 10 years and just recently started looking into expanding his investments into the FOREX market. To learn more about the forex market join Kevin inside the membership site, lots-of-pips.com

The Status Of The China RMB

Issued by the People s Bank of China, the Chinese renminbi is one of the most unique currencies in the world at the moment. This is largely because of the restrictions and history that have characterised it since its introduction in 1948. Its status is certainly interesting because of the fact that it operates in a somewhat unique way and thus its status has always come into question. As a result, it is a currency that is worthy of further investigation in terms of forex information before any investment is made. The China RMB was initially set at unrealistic level when introduced to the foreign currency trading floor. That caused problems domestically and prevented legitimate and legal currency trading in any way, shape or form. However, owing to the growing Chinese economy and tourism industry, it was necessary for an overhaul of the renminbi to take place. There are still problems with the Chinese RMB, which has a knock on effect on fx currency trading. It is not fully convertible as yet and also has to operate within bounds set by the Chinese central government. Thus it may not be compatible for foreign currency trading if an individual trader happens to be a beginner in the field. The China RMB was initially pegged to the US dollar for trading, but this was altered in 2005, when the RMB was also revalued. It was set at 8.11 against the dollar and pegged against several currencies, including the Japanese yen, South Korean won, Australian dollar, Canadian dollar, British pound and Thai baht. It was allowed to float, but again was set in strict boundaries by the Chinese government. However, it was valued at a massive 9.7% up in August 2007, which is its highest rate since the peg was lifted. In terms of fx currency trading, this actually had the potential to reap rewards for those individuals that had invested. Its status at the moment actually owes much to the fact that Chinese trade is doing better than US trade. The Chinese trade surplus stood at 33% in August and actually overtook the US in terms of exports to Europe. However, the inflation rates in China have mirrored those around the world and contributed to the global economy accordingly. It stood at 6.5%, which is by far the highest since the turn of the millennium. This has led to speculation amongst forex information experts that it could float freely in the market as early as 2008. Whether that will actually materialize, only time will tell, but in the meantime, the RMB is certainly making waves in the world of forex. Whilst its status is uncertain, it will continue to do so! A freelance writer who publishes articles which are of interest to readers. For additional information on Forex Trading, please visit lyonsforex.com

Business With Forex

As stated Forex Trading is the exchange of currencies for profit, and it offers unmatched potential for profitable trading in any market condition or stage of the business cycle. Usually, investors are speculating on daily currency fluctuations and this is a constant profit source; this Forex business profit mechanism. Independent Financial Advisers, Successful Forex Traders, Banks Insurance companies, Advertising companies, Organizers of financial seminars, Estate agents, Sales Executives with interested client base. Any business professional with interested clients. How do you know if your contacts are interested in the Forex markets? Or if you don t like to trade; focus on your other business but at the same time wish to profit from the very lucrative exchange market. Since the majority of Forex business is based on credit, the partnership with financial institution is crucial to offers their clients better in an investment. If you look at online Forex trading as a business, you probably can t find another business you can start for less. Getting started as an Introducing Broker. Make sure that the Forex broker you choose to become an Introducing Broker for provides all the assistance you require to grow your new business. Trading is very appealing for interested business people, because you can engage in transactions 24-hours a day from Monday to Friday. Earlier, a minimum transaction size was required to conduct business with the Forex. If you lose money early in your trading career it s extremely hard to gain it back; the ploy is not to go off half-cocked; study the Forex business before you start to trade. So your first step to move into Forex trading, or shares trading and investment or futures and commodities trading is to get the correct training in terms of strategy, and learning to trade professionally as a business. So if you are an internet marketer, and you have a good cash flow from your internet marketing business, it is never too late to start right now to transit and also move into investing in the financial markets such as Forex, stocks and shares or futures and commodities to start creating the assets flow - to own more liquid assets to your name. Soli Katir solikatir.com/Forex-Enterprise.html Learn how to have a legit online business that puts real money into your bank account.